IME Life Insurance to Hold 9th AGM on January 8, Proposes 10.52632% Cash Dividend

Kathmandu — IME Life Insurance Company Limited (ILI) has announced its 9th Annual General Meeting (AGM), scheduled to be held on January 8 (Poush 24, 2082) at Diyo Mahal, Dhumbarahi, Kathmandu. The meeting will begin at 10:00 AM.

One of the key agendas of the AGM is to endorse a cash dividend of 10.52632 percent from the profit of fiscal year 2021/22 (FY 2081/82). The dividend proposal was approved by the company’s 232nd meeting of the Board of Directors held on December 10 (Mangsir 25).

Based on the company’s paid-up capital of Rs 5 billion, the proposed cash dividend amounts to Rs 526.3 million, including applicable taxes.

The AGM will also consider and approve the auditor’s report, profit and loss account, financial statements, and cash flow statements. In addition, the meeting will appoint an auditor and determine remuneration for the fiscal year 2022/23 (FY 2082/83).

For the purpose of the AGM and dividend distribution, the company has announced a book closure date on December 26 (Poush 11). Accordingly, shareholders who hold the company’s shares until December 25 (Poush 10) will be eligible to receive the proposed dividend and attend the AGM.